starting a VC fundPE
hey guys, long time reader first (maybe second) time poster.
first off i just want to thank everyone on here. over the last yr this forum has been invaluable!
so...short summary: i graduated with an engineering (biomedical/chemical) and science (pharmacology) degree (dual-degree program) from college in 2010. worked at NASA for a yr. started a medical start-up company (which is currently developing a product with a couple hospitals). and currently working in PE (sourced a deal as well).
my buddy: US army vet, computer engineer, also worked at NASA.
we are thinking of starting our own VC fund (small 1-5MM) and will be focusing on healthcare, tech, IT investments - between the two of us - we have a strong background in biomed & software engineering.
so...the question part:
there really is only one person who has done this at our age - josh kushner. we have some leads for potential investors but by no means they are sure things.
could you guys suggest what to watch out for, what to focus on in particular, what YOU think is the most important part of this process....and the million dollar question...do you think its possible?
NO trolling/NO stupid remarks - if you don't have something constructive to say, please hit the back button and monkey around on a different thread...